Multi-Trex, Zichis Lead Gainers’ Chart as NGX Gains 0.01%

By Dipo Olowookere

The Nigerian Exchange (NGX) Limited recorded a marginal gain of 0.01 per cent on Thursday, extending its upward momentum to the second consecutive trading session.

The trading session saw the insurance space close lower by 0.21 per cent, but this did not put the market under pressure, as the energy sector surged by 2.64 per cent. Further, the banking index appreciated by 0.23 per cent, and the consumer goods segment grew by 0.05 per cent, while the industrial goods counter closed flat.

Consequently, the All-Share went up by 33.48 points to 247,707.13 points from 247,673.65 points, and the market capitalisation chalked up N22 billion to finish at N160.834 trillion compared with the previous day’s N160.812 trillion.

The market breadth index was positive during the session after printing 26 price gainers and 24 price losers, indicating bullish investor sentiment.

Multi-Trex Integrated Foods advanced by 10.00 per cent to 55 Kobo, Zichis also expanded by 10.00 per cent to N17.93, Austin Laz increased by 9.92 per cent to N2.66, CWG added 9.86 per cent to N20.05, and Omatek rose by 9.77 per cent to N1.46.

On the flip side, Nigerian Enamelware shed 9.95 per cent to N36.65, NASCON shrank by 9.48 per cent to N171.00, Thomas Wyatt depreciated by 6.38 per cent to N2.20, DAAR Communications decreased by 6.37 per cent to N1.47, and Legend Internet was down by 5.80 per cent to N3.25.

It was a relatively quiet day on Thursday, as activity level further waned, with the most active stock, UBA, posting a turnover of 36.4 million units valued at N1.6 billion. GTCO transacted 19.0 million units worth N2.4 billion, Access Holdings sold 17.0 million units for N482.6 million, VFD Group exchanged 14.3 million units worth N200.1 million, and Zenith Bank traded 12.3 million units valued at N1.6 billion.

A total of 286.8 million units valued at N15.3 billion exchanged hands in 30,247 deals yesterday compared with the 314.9 million units worth N28.6 billion completed in 30,956 deals a day earlier, showing a fall in the trading volume, value, and number of deals by 8.92 per cent, 46.50 per cent, and 2.29 per cent, respectively.